South Korea's LG Group is adopting 10,000 GPUs from Nvidia, South Korea's Maeil Business Newspaper reported on Thursday citing an unnamed industry source. The GPUs are expected to be used to train AI by LG's AI research centre and a humanoid robot being developed by LG Electronics, Maeil said. A spokesperson for LG did not have an immediate comment.
South Korea's LG Group is adopting 10,000 GPUs from Nvidia, South Korea's Maeil Business Newspaper reported on Thursday citing an unnamed industry source. The GPUs are expected to be used to train AI by LG's AI research centre and a humanoid robot being developed by LG Electronics, Maeil said. A spokesperson for LG did not have an immediate comment.
Iran said there had been no recent progress in talks with the US over an interim peace deal, while fighting persisted in Lebanon despite Washington’s declaration of a ceasefire between Israel and the country. Iranian Foreign Minister Abbas Araghchi said late Wednesday that “no tangible progress has been achieved in the negotiation process” with the US, according to the semi-official Tasnim news ag...
Iran said there had been no recent progress in talks with the US over an interim peace deal, while fighting persisted in Lebanon despite Washington’s declaration of a ceasefire between Israel and the country. Iranian Foreign Minister Abbas Araghchi said late Wednesday that “no tangible progress has been achieved in the negotiation process” with the US, according to the semi-official Tasnim news agency. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
E.l.f. Beauty (NYSE: ELF) stock fell 13% in May, according to data provided by S&P Global Market Intelligence . The stock began to fall as it got closer to earnings, and although it did get a lift from earnings that beat expectations, it wasn't enough to recover what it had already lost. E.l.f. has made a name for itself by offering mass beauty products customers love at some of the lowest prices ...
E.l.f. Beauty (NYSE: ELF) stock fell 13% in May, according to data provided by S&P Global Market Intelligence . The stock began to fall as it got closer to earnings, and although it did get a lift from earnings that beat expectations, it wasn't enough to recover what it had already lost. E.l.f. has made a name for itself by offering mass beauty products customers love at some of the lowest prices on the market. It started with $1 products, and although that's no longer its model, it still aims to offer high value on its makeup while speaking to the values of its users. It's a winning model, and the company continues to grab market share in cosmetics and skin care. Fiscal 2026 (ended March 31) was the seventh consecutive year of market share growth, and the fourth quarter was the 29th in a row with sales growth. Continue reading
A fragile calm may be emerging in the Middle East, but only on paper. The US says Israel and Lebanon have agreed to a ceasefire that would stop cross-border fighting if Hezbollah halts attacks and pulls fighters from southern Lebanon. Trump says he secured buy-in from senior Hezbollah figures, yet the group has not publicly endorsed the deal and clashes continued in southern Lebanon after the anno...
A fragile calm may be emerging in the Middle East, but only on paper. The US says Israel and Lebanon have agreed to a ceasefire that would stop cross-border fighting if Hezbollah halts attacks and pulls fighters from southern Lebanon. Trump says he secured buy-in from senior Hezbollah figures, yet the group has not publicly endorsed the deal and clashes continued in southern Lebanon after the announcement. Adding to the uncertainty, Iran said there has been “no tangible progress” in talks with Washington over a broader peace deal. Oil prices still fell as traders bet the region may be stepping back from the brink. The timing is critical. Even as diplomats push for calm, the US and Iran have continued exchanging strikes, exposing the fragility of a wider truce. Trump is also facing pressure at home after lawmakers voted to curb US military involvement in Iran. The bigger question now isn’t whether the guns fall silent in Lebanon, it’s whether a broader regional peace can survive the competing agendas of Washington, Tehran and Jerusalem. Keep track of the twists and turns — and the global fallout — of the war with Iran here . What You Need to Know Today The hype machine is shifting into overdrive for what could be the biggest IPO in history. JPMorgan CEO Jamie Dimon will host a live discussion with top SpaceX executives for the bank’s wealthy clients ahead of the company’s blockbuster IPO, invitations seen by Bloomberg show. More than 2,500 clients are expected to attend events across 90 JPMorgan locations, a person familiar with the plans said, as Elon Musk’s rocket giant gears up for a public debut that could value it at $1.8 trillion . The unusually aggressive outreach reflects the feverish demand for a listing already being billed as a landmark moment for markets, and marks a remarkable detente between Dimon and Musk, who were suing each other just a few years ago. The Bank of Japan looks increasingly ready to do what once seemed unthinkable: keep raising rates. O...
undefined Chinese smartphone-makers are struggling to navigate a sharp rise in production costs, as a tightening supply of memory chips and higher energy and logistics expenses linked to the U.S.-Iran war add pressure across the industry. The impact has been especially severe for manufacturers focused on the lower-end segment, where already thin margins leave little room to absorb higher costs or ...
undefined Chinese smartphone-makers are struggling to navigate a sharp rise in production costs, as a tightening supply of memory chips and higher energy and logistics expenses linked to the U.S.-Iran war add pressure across the industry. The impact has been especially severe for manufacturers focused on the lower-end segment, where already thin margins leave little room to absorb higher costs or pass them on to consumers.